Stephens Consulting LLC Acquires 100 Shares of Deere & Company (NYSE:DE)

Stephens Consulting LLC increased its stake in shares of Deere & Company (NYSE:DE) by 37.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 365 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Stephens Consulting LLC’s holdings in Deere & Company were worth $150,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Wealth Group LLC lifted its position in shares of Deere & Company by 153.7% during the 1st quarter. Cornerstone Wealth Group LLC now owns 2,273 shares of the industrial products company’s stock valued at $934,000 after acquiring an additional 1,377 shares during the period. River Street Advisors LLC lifted its stake in Deere & Company by 3.1% during the first quarter. River Street Advisors LLC now owns 1,990 shares of the industrial products company’s stock worth $817,000 after purchasing an additional 59 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Deere & Company by 16.4% in the 1st quarter. New Mexico Educational Retirement Board now owns 16,302 shares of the industrial products company’s stock valued at $6,773,000 after purchasing an additional 2,300 shares during the last quarter. Fox Hill Wealth Management lifted its position in shares of Deere & Company by 6.8% during the 1st quarter. Fox Hill Wealth Management now owns 964 shares of the industrial products company’s stock worth $396,000 after buying an additional 61 shares during the last quarter. Finally, Chemung Canal Trust Co. boosted its stake in Deere & Company by 56.7% in the first quarter. Chemung Canal Trust Co. now owns 15,271 shares of the industrial products company’s stock valued at $6,272,000 after buying an additional 5,525 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DE. Citigroup started coverage on shares of Deere & Company in a report on Wednesday. They set a “neutral” rating and a $395.00 price target on the stock. DA Davidson cut their price objective on Deere & Company from $483.00 to $465.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. TD Cowen increased their target price on shares of Deere & Company from $383.00 to $390.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Daiwa Capital Markets raised their price target on shares of Deere & Company from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Finally, Stifel Nicolaus increased their price objective on shares of Deere & Company from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $430.55.

Deere & Company Price Performance

DE stock traded down $1.68 during midday trading on Friday, reaching $373.63. The company had a trading volume of 6,689,701 shares, compared to its average volume of 1,409,983. The firm has a 50-day moving average price of $385.32 and a 200-day moving average price of $387.29. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The company has a market capitalization of $102.96 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.50 and a beta of 0.98. Deere & Company has a 1 year low of $353.15 and a 1 year high of $450.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, May 16th. The industrial products company reported $8.53 earnings per share for the quarter, topping analysts’ consensus estimates of $7.86 by $0.67. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The firm had revenue of $13.61 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the business posted $9.65 EPS. The business’s quarterly revenue was down 15.4% on a year-over-year basis. On average, research analysts anticipate that Deere & Company will post 25.61 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 28th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.88 annualized dividend and a dividend yield of 1.57%. Deere & Company’s payout ratio is 17.70%.

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now directly owns 41,642 shares of the company’s stock, valued at approximately $15,725,268.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Deere & Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.